Who is HAWK Memecoin Proprietor, know complete details

Who is HAWK Memecoin Proprietor, know complete details



HAWK Memecoin has been making headlines in the crypto community since its launch, but these headlines are now also surrounded by controversies. Hailey Welch, known as “Hawk Tuah Girl”, launched this Memecoin in June 2024, but it soon became the cause of a major crisis. The massive drop in the token’s price caused huge losses to investors, leading to serious allegations against Hailey and his project. let us know HAWK Memecoin And complete information about its owner in detail.

The rise and fall of HAWK Memecoin

The $HAWK Memecoin was launched on the Solana Blockchain and initially caught everyone’s attention in the crypto market after reaching a market cap of $500 million. But its value fell sharply, falling by 95% to $25 million. Investors called it a “rug pull”, or fraud, because its value fell so rapidly in a matter of hours. “Hawk Tuah Girl” Hailey Welch initially denied the situation in the fall, saying that the team did not sell tokens and only 10% of the tokens were given to the team, which were held under a 12-month lock and 3-year vesting period. .

Key points of the HAWK Memecoin controversy,

  1. Hailey Welch claimed that the distribution of tokens was fair, but blockchain data revealed that 96% of $HAWK Tokens were in the same wallet cluster, suggesting a high level of coordination in token transactions.

  2. Investors who bought the token at a high price suffered 95% losses due to the fall in value, which they considered a major fraud.

  3. Many investors are accusing Hailey Welch of defrauding them and taking their money by luring new crypto investors. After this, some YouTubers and crypto analysts did a detailed review of it and made revelations against Hailey Welch.

HAWK Memecoin Venture Overview

Purpose of HAWK Memecoin Memecoin The project was supposed to earn a new name in the world, but the controversies related to its launch brought the project itself into controversy. Hailey Welch initially solicited an investment of $50 million, but when the price of the token fell, it caused huge losses for investors. Additionally, Hailey was given an advance amount of $125,000 and was later to receive a share of 50% of the net profits.

Some important points about HAWK Memecoin:

  • The value of the token dropped from $500 million to $25 million, causing investors to lose 95%.

  • 96% of $HAWK Tokens were in one wallet, indicating that there was high coordination in transactions.

  • An investor has recently filed a lawsuit against the owner and partners of this project, seeking to fix responsibility for the investors’ losses.

Conclusion

HAWK Memecoin and Hailey Welch’s project have sparked a major controversy. The project initially appeared attractive, but subsequent developments shattered investors’ confidence. This not only shocked the crypto community, but also damaged Hailey Welch’s reputation as a prominent social media personality. This matter requires legal action and further investigation to clarify whether this was a genuine fraud or a failed project.


Also read:Neway Crypto, a truth or a fraud? must know


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